An HDB flat occupier is a one who is listed from the flat software to meet the eligibility necessities of a specific housing scheme, like the Community Plan. Unlike an proprietor, an occupier has no authorized possession legal rights to the flat and cannot use their CPF personal savings to buy the acquisition or the month to month house loan installments. A vital responsibility for an occupier would be to physically reside while in the flat and adhere to your 5-calendar year Minimum here amount Profession Interval, equally as the operator does. An occupier also can not be a celebration into the flat’s sale or transfer. If a change within the occupier is required, the owner should submit an software to HDB for acceptance, that may be performed as a result of HDB's e-services portal. This difference is essential, mainly because it impacts not simply authorized rights but will also economical matters, including the total loan quantum that can be attained with the flat.